Rayvt’s Activity

Yesterday

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Rayvt replied to the Berkshire Hathaway board. 10:15 PM

Re: OT: Merril Lynch account?

I have a Merrill Lynch account, too. My "guy" is whoever answers the phone in the rare case I call. The last time was me complaining that they wouldn't allow to buy HYLD -- which nothing tells you until you try to place an [more]

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Rayvt replied to the Berkshire Hathaway board. 10:17 AM

Re: Where to put $10,000?

Well, I didn't plan to get into this--like I said, I thought I was on the MI board. Jim is a prolific & respected poster there, too.

But, anyway, since I started it, here goes...

Firstly, it is not an opinion that the market [more]

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Rayvt replied to the Berkshire Hathaway board. 9:57 AM

Re: Where to put $10,000?

"Saying that the market is "manifestly overpriced" is just an opinion and an implicit prediction."

Only in the sense that ...

... followed by a list of things that IN YOUR OPINION are reasons why the market [more]

Thu Jul 10

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Rayvt replied to the Berkshire Hathaway board. 10:04 PM

Re: Where to put $10,000?

There is a pretty significant difference between timing the market and pricing the market.
Refusing to pay for manifestly overpriced goods till you see something sensibly priced shows prudence and patience, and is miles away from acting on an
[more]

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Rayvt replied to the Berkshire Hathaway board. 12:36 PM

Re: Where to put $10,000?

I replied that, first, forget the stock market. If you have non-mortgage debt (auto, student loans, credit cards), pay that off first. If you still have the $10,000 to invest... the stock market looks like a bad bet right now, and bonds pretty [more]

Wed Jul 9

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Rayvt replied to the Buying or Selling a Home board. 2:15 PM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

All this insistance on not having any short-term volatility for an account intended for retirement 25-30 years in the future is puzzling.

I have some quotes on point:
"Long-term investment returns typically emerge as the delayed [more]

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Rayvt replied to the Buying or Selling a Home board. 2:05 PM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

I think an IUL is a possible solution to what I perceive as a gigantic problem facing imminent retirees: what should I do if I'm convinced that DJIA 17,000 is cruisin' for a bruisin' and I'm almost ready to retire?

You lost [more]

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Rayvt replied to the Buying or Selling a Home board. 2:03 PM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

Homebuyer #1 pulls out $20,000 from savings, surrendering a 6% average yield, for a down payment,
Homebuyer #2 pulls a $20,000 2nd loan, at 6% interest rate, for down payment.

What's the difference between the two in terms of effect
[more]

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Rayvt replied to the Buying or Selling a Home board. 9:08 AM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

Dave, you must have missed this, so I'll bump it in it's own post.

Ray's strategy fails if you need liquidity during a loss year.

How is it a failure to have only $206,000 instead of $124,000?
Please explain.

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Rayvt replied to the Buying or Selling a Home board. 9:03 AM

Re: More musings on a dead horse

Given the Allianz Pro Life we've been looking at, what is the MAXIMUM you could add monthly without crossing a limit? $500? $1000? $151?
Any of the above... It all depends on where you set the 'death benefit' bar.

Likewise, is it
[more]

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Rayvt replied to the Buying or Selling a Home board. 8:29 AM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

The downside is that assets removed from your account as a loan lose the benefit of tax-deferred growth on earnings.

This immediately called to mind a joke from my college years, I believe by George Carlin. NSFW, but the punchline was [more]

Tue Jul 8

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Rayvt replied to the Buying or Selling a Home board. 4:56 PM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

Words have meanings.

Your money is your money, and somebody else's money is not your money. You can reallocate your money, but you cannot "rallocate" a lenders money except at the point of a gun.

Moving your own money from [more]

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Rayvt replied to the Mechanical Investing board. 4:10 PM

Re: OT: Deafening silence

FWIW, Josh Brown says: "Ed Yardeni: Here comes the Fourth Phase of the bull market – this is the part where we all get naked and blow lines off of CD cases."

With link to: [more]

Mon Jul 7

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Rayvt posted to the Buying or Selling a Home board. 1:24 PM

More musings on a dead horse

If someone is wanting to use an IUL to accumulate money (for other than long term), aren't there some issues?

We've been talking about an account for a 26 year-old with an initial deposit of $15,00 and monthly deposits of $150/mo. (1st year [more]

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Rayvt replied to the Buying or Selling a Home board. 10:10 AM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

My bullets are extremely simple;
1. the vehicle or strategy within the MFA must lose zero in principal, annually, AND,
2. Have 90% liquidity from day 2 of its inception, AND,
3. Have a greater than 6% net/net/net average return in the
[more]

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Rayvt replied to the Buying or Selling a Home board. 10:00 AM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

...and all their additional discretionary cashflows thereafter?
I don't know what "discretionary cashflows" means. About the only time I see this phrasing is from a proponent of some scheme like Money Merge Accounts, and [more]

Sun Jul 6

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Rayvt replied to the Mechanical Investing board. 6:59 PM

Re: Corrected S&P 500: factor test

Rayvt quotes:
""You can’t judge the correctness of a decision from the outcome. This is a concept that many people find nonsensical. But good decisions fail to work all the time – just as bad ones lead to success – simply because
[more]

Sat Jul 5

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Rayvt replied to the Buying or Selling a Home board. 8:51 PM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

If it's so easy to outperform a well structured IUL, it will be easy to do so here in just a single post (no follow on thread necessary...it's all been hashed out before);
1. the vehicle or strategy within the MFA must lose zero in principal,
[more]

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Rayvt replied to the Buying or Selling a Home board. 1:38 PM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

Let me say, however, that I do completely agree with Dave on the advisability of having what he cleverly calls a "Mortgage Freedom Account" as being preferable to paying extra principal on the mortgage.

We just disagree on the [more]

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Rayvt replied to the Buying or Selling a Home board. 10:09 AM

Re: Two Unorthodox Ways to Pay Off a Mortgage Ea

Dave openly admitted to talking his book, and that's a credit to him.

However....IULs are a terrible investment vehicle. I'm not going to rehash the looong threads we had discussing IULs a couple of years ago, you can go back and read them [more]

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